Summary: H.R.5266 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.5266. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/13/1990)

FHA Protection and Homeownership Preservation Act of 1990 - Amends the National Housing Act to limit the maximum amount of a Federal Housing Administration (FHA) insured mortgage principal to a property's appraised value.

Sets forth periodic premium payment schedules.

Limits FHA rebates on unearned premiums.

Directs the Secretary of Housing and Urban Development to: (1) insure that the Mutual Mortgage Insurance Fund attains specified capital ratios; (2) conduct annual Fund audits; and (3) adjust premiums as necessary.

Authorizes periodic mortgage insurance safety premiums.